Retail sales in the United States fell in February
Retail and hospitality sales in the United States declined in February, probably due to the increasingly stringent measures are being taken to prevent the spread of the new coronavirus.
The US Department of Commerce announced on Tuesday that its seasonally and calendar adjusted value of retail sales and hospitality was 528.1 billion USD in February, 0.5 percent lower, compared to the previous month. This represents the strongest decline since September last year.
Analysts were expecting a 0.2 percent increase after the January, up from 0.3 percent to 0.6 percent review. (MTI)
Related news
In the United States, producer prices rose more than expected in June
The US producer price index rose more than analysts had…
Read more >Climate Policy Institute: climate change may cause food prices to rise further
Climate change has a significant impact on the world’s agriculture,…
Read more >Americans almost only buy bargain foods
For American consumers, the economic situation is increasingly challenging, especially…
Read more >Related news
VOSZ Barometer – 2024. II. quarter: mandatory optimism or real growth?
The perception of inflation is still present in domestic companies,…
Read more >Fidelity: Three themes shaping investments in Q3
Has the post-epidemic normalization that we have been waiting for…
Read more >Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >